Govt will not auction every natural resource: V Narayanasamy

Updated:
October 12, 2012 11:10 IST

New Delhi, Oct 12 (ANI): Highlighting on the fact that auction is not the only way to allocate natural resources, Minister of State in Prime Minister’s Office, V Narayanasamy said that the government would not auction every natural resource. The government had sought the Supreme Court's opinion whether all natural resources should be auctioned transparently after the court laid down the bidding rule for natural wealth while cancelling the telecom licenses. Narayanasamy also said that the government will decide the policy, keeping in view the welfare of the people.